Job Description
Job description
Roles and Responsibilities
Corporate Accounting and GL Management vertical caters to the Financial Reporting requirements for the Bank. This is its second line of defense, working hand in hand with Business, Operating units, and other Control Groups. The unit is further divided into the Financial Reporting team and the Controls and Governance team. Both teams collectively ensure:
Preparation of Standalone and Consolidated Financial Statements.
Augmenting bank-wide controls to mitigate/minimize Financial Reporting risks.
Advising Operating Units on Accounting treatment for various business-as-usual events that trigger a need for accounting in the Bank's books.
Liaising with Statutory Auditors and Regulatory Inspection teams.
Feeding Top Management with relevant financial prognosis and matrices.
Finalizing various notes presented to the Bank's relevant governance forums (such as AMCOM, ACB, Board, and so on) either as an update or approval of propositions from the Financial Management perspective.
Job Role, Descriptions, Key Components
The Incumbent is required to:
Set up the Center of Excellence wherein they will:
o Identify and work with teams to create action-oriented dashboards for CFO and other leadership within the Financial Management Group.
o Continuously perform process re-engineering to bring efficiency in routine processes followed in the area of Financial Reporting & Financial Controls.
o Continuously augment entity-level controls to mitigate/minimize financial reporting risks.
o Work with various units to ensure timely updates on Financial Matrices are provided to Top Management, enabling proactive action.
Drive various agendas currently housed under the Financial Control and Governance vertical, such as GL/Internal Account opening, annual review of account ownership and attributes, quarterly/half-yearly substantiation exercise, related party transaction monitoring framework, and so on.
Roles and Responsibilities
Corporate Accounting and GL Management vertical caters to the Financial Reporting requirements for the Bank. This is its second line of defense, working hand in hand with Business, Operating units, and other Control Groups. The unit is further divided into the Financial Reporting team and the Controls and Governance team. Both teams collectively ensure:
Preparation of Standalone and Consolidated Financial Statements.
Augmenting bank-wide controls to mitigate/minimize Financial Reporting risks.
Advising Operating Units on Accounting treatment for various business-as-usual events that trigger a need for accounting in the Bank's books.
Liaising with Statutory Auditors and Regulatory Inspection teams.
Feeding Top Management with relevant financial prognosis and matrices.
Finalizing various notes presented to the Bank's relevant governance forums (such as AMCOM, ACB, Board, and so on) either as an update or approval of propositions from the Financial Management perspective.
Job Role, Descriptions, Key Components
The Incumbent is required to:
Set up the Center of Excellence wherein they will:
o Identify and work with teams to create action-oriented dashboards for CFO and other leadership within the Financial Management Group.
o Continuously perform process re-engineering to bring efficiency in routine processes followed in the area of Financial Reporting & Financial Controls.
o Continuously augment entity-level controls to mitigate/minimize financial reporting risks.
o Work with various units to ensure timely updates on Financial Matrices are provided to Top Management, enabling proactive action.
Drive various agendas currently housed under the Financial Control and Governance vertical, such as GL/Internal Account opening, annual review of account ownership and attributes, quarterly/half-yearly substantiation exercise, related party transaction monitoring framework, and so on.
💡 Quick Summary
Seeking a career-building opportunity? The Corporate Accounting and GL Management position is now open for candidates interested in the Accountant Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.